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  3. NSE to expand in Mumbai’s BKC; allotted additional plot for Rs 758 crore

NSE to expand in Mumbai’s BKC; allotted additional plot for Rs 758 crore

7 Apr 2025

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Key Takeaways

NSE secured a 5,500-square-meter plot in BKC for ₹757.90 crore to expand its capacity.

NSE secured a 5,500-square-meter plot in BKC for ₹757.90 crore to expand its capacity.

NSE limited unlisted shares

National Stock Exchange (NSE)

DRHP filed0.00%

Expert Analysis

NSE Secures ₹757.90 Cr BKC Plot for Major Expansion.

Expert Analysis:

  • Land Allocation Approval: MMRDA granted post-facto approval to allocate Plot C-82 in G Block to NSE for a new administrative building.

  • Lease Details & Purpose: The 80-year lease, with a premium of Rs 757.90 crore, fulfills NSE’s October 2024 request for 4–5 lakh sq ft of additional space.

  • Government Approval: The Offer letter was issued on March 7 after approval from Dy CM Eknath Shinde, supporting BKC’s growth as a financial hub.

  • Approval & Issuance: NSE received the offer letter for Plot C-82 on March 7 after approval from Deputy CM Eknath Shinde to boost BKC.

  • Plot Specifications: The 5,500 sq m plot allows 4.00 FSI with 22,000 sq m buildable area; additional FSI can be availed by paying a premium.

  • Operational Impact: MMRDA Commissioner Dr. Sanjay Mukherjee stated the allocation will boost NSE’s operational capacity and strengthen BKC’s commercial ecosystem.

Publisher:Indian Express